Horton Point Snags JPMorgan, BlackRock Vet

Dec 11 2008 | 12:52pm ET

Quantitative multi-strategy hedge fund Horton Point has retained Dmitry Udler to advise it on re-engineering its risk management process. Udler was formerly executive director and head of market risk measurement and back testing at JPMorgan Chase.

Prior to his tenure at JPMorgan, Udler served as head of market risk research and methodology at HSBC Securities and head of quantitative credit at BlackRock.
 
“The recent market events have clearly shown us how inadequate the so-called ‘industry-standard’ risk management practices are,” said Dimitri Sogoloff, president and CEO of Horton Point.  “None of the conventional risk measures, like Value at Risk or stress testing would have helped avoid significant drawdowns in the second half of 2008.    Even the most sophisticated players with vast resources showed significant losses as their risk systems failed to react properly. We believe that the standard risk processes should be supplemented by a better understanding of market liquidity and sentiment.  A new math is needed to deal with these problems and it’s going to take a lot of research.  We are hoping that with Dr. Udler’s help we will get there sooner than most.”


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.